🚀 Why XRP Is Trending Up Today
XRP has surged roughly 8% over the past day, rallying from ~$2.58 to $2.78 and touching an intraday high of $2.96 before consolidating .
A $14 million leveraged long position opened on Hyperliquid indicates whale activity driving bullish sentiment .
Institutional wallets holding over 1 million XRP have hit record highs (~2,743 wallets owning ~47.3 billion XRP), signaling confidence from large-scale holders .
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📈 Technical and Fundamental Trends
Key Support & Resistance Levels
Support: ~$2.70–2.75 zone is holding strong amid repeated tests .
Resistance: ~$2.90–3.00 is the near-term ceiling. A breakout here could pave the way to $3.40 and beyond .
Chart Patterns
XRP is forming a falling wedge and ascending triangle—both typically bullish continuation patterns. Potential targets range from $2.9–$3.6 if confirmed .
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🗓 Regulatory Catalysts Ahead
Investors are watching three critical dates:
Date Event Description
July 14, 2025 Launch of ProShares XRP futures ETFs
July 21, 2025 Launch of leveraged long XRP ETFs by Volatility Shares and Tuttle Capital
July 25, 2025 SEC decision on a Spot XRP ETF filed by REX‑Osprey
Successful ETF launches, especially of the spot product, could significantly increase liquidity and institutional interest, potentially pushing XRP above $3.00 enarios to Consider
Analysts warn of bearish pressure if bullish momentum fails